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Latest Forum Topics / Mermaid Maritime    Last:0.129    -0.001  Post Reply
Mermaid
Bintang
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03-Jun-2009 18:04     
 
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 Alert Admin 		Don't forget to cut loss if the tide is against you . Know when to sell  is  more important than when to buy , even though sell at a loss .
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cheongwee
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03-Jun-2009 17:59     
 
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thanks for sharing...i thk i will wait and see , if 55c i will sell...thanks again.

 



Bintang      ( Date: 03-Jun-2009 17:40) Posted:

Dear cheongwee , this is just what I guess ,  the price  top at  60 cents  three times   but could not hold  till closing  ,the weakness had already shown . The bottom was  formed from half the distance of the lowest 33.5 cents to the top of  60 cents , that is 47 cents appr. If  this could not be reach , then go to other counters . Always do the searching n research . Like to learn from you .
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Bintang
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03-Jun-2009 17:40     
 
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 Alert Admin 		Dear cheongwee , this is just what I guess ,  the price  top at  60 cents  three times   but could not hold  till closing  ,the weakness had already shown . The bottom was  formed from half the distance of the lowest 33.5 cents to the top of  60 cents , that is 47 cents appr. If  this could not be reach , then go to other counters . Always do the searching n research . Like to learn from you .
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cheongwee
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03-Jun-2009 17:24     
 
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hope your is right, then i sell, ave buying px of 35c...64% gain...one of the slowest in my porfolio..look to get rid of it,,,,,vol too low.

buy centillion now!!!!!!!!!



Bintang      ( Date: 03-Jun-2009 17:00) Posted:

There is a gap created this morning to be covered  soon , may be forming a evening star by closing , then the down turn is on the way , hope my guessing is wrong .
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cheongwee
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03-Jun-2009 17:20     
 
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how to max your gain, with centillion and jade?..well simple as the going got stronger, just ave up...buy more...make more before this rally is over...

the next one may be light years away...



cheongwee      ( Date: 03-Jun-2009 17:16) Posted:

no doubt my profit is 100 %, but with these two burger...we must see some 1000% profit..before u consider to sell....but when 500 %..i will start harvesting

that is a possibilty..check history..

hope u buy some with your profit to spin more $$$



pointer      ( Date: 03-Jun-2009 17:05) Posted:

True...look at Jade & Centillion...both moving already
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cheongwee
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03-Jun-2009 17:16     
 
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no doubt my profit is 100 %, but with these two burger...we must see some 1000% profit..before u consider to sell....but when 500 %..i will start harvesting

that is a possibilty..check history..

hope u buy some with your profit to spin more $$$



pointer      ( Date: 03-Jun-2009 17:05) Posted:

True...look at Jade & Centillion...both moving already
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cheongwee
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03-Jun-2009 17:12     
 
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 Alert Admin 		what is your chance of buying at this 47c...?when do u see that happening...i know there are no sure thing, but can pls give an est...will not hold you liable...i wqill DYODD.

Bintang      ( Date: 03-Jun-2009 16:40) Posted:

Hope to buy back  at 47 cents if indicators  are positive .

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pointer
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03-Jun-2009 17:05     
 
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 Alert Admin 		True...look at Jade & Centillion...both moving already
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Bintang
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03-Jun-2009 17:00     
 
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 Alert Admin 		There is a gap created this morning to be covered  soon , may be forming a evening star by closing , then the down turn is on the way , hope my guessing is wrong .
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pointer
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03-Jun-2009 16:50     
 
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 Alert Admin 		Bollinger bands tightening. May have a big price swing soon.
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Eldarchen
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03-Jun-2009 16:47     
 
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 Alert Admin 		Wow 40k profit, u buy 300 lots ar ?

Bintang      ( Date: 03-Jun-2009 16:40) Posted:

Hope to buy back  at 47 cents if indicators  are positive .

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Bintang
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03-Jun-2009 16:40     
 
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 Alert Admin 		Hope to buy back  at 47 cents if indicators  are positive .
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rachael
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03-Jun-2009 16:39     
 
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I sold  off all  @ 0.59Smiley
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cheongwee
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03-Jun-2009 16:36     
 
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 Alert Admin 		how low u thk? will come down...est.

Bintang      ( Date: 03-Jun-2009 16:34) Posted:

Sold all make 40k ,hope to buy back if come down very low .
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Bintang
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03-Jun-2009 16:34     
 
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 Alert Admin 		Sold all make 40k ,hope to buy back if come down very low .
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cheongwee
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03-Jun-2009 16:23     
 
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 Alert Admin 		wah,,,how come so bearish, u sold already??

Bintang      ( Date: 03-Jun-2009 15:48) Posted:

If it comes down to negative closing , this game will be over .
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Bintang
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03-Jun-2009 15:48     
 
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 Alert Admin 		If it comes down to negative closing , this game will be over .
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trueview
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03-Jun-2009 15:48     
 
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 Alert Admin 		got it 58
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Bintang
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03-Jun-2009 15:25     
 
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 Alert Admin 		With this type of good news , why share price still crawling ?
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trueview
Senior
03-Jun-2009 15:15     
 
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 Alert Admin 		    no new better than bad new.. good new better than  no new..sometime it can cause another buying interest with tis type of new...market need some new to carry on the buying interest..

francisd      ( Date: 03-Jun-2009 13:28) Posted:



Good News for holders of this counter.  MERMAID wins a Contract.

MERMAID AWARDED CONOCO PHILLIPS INDONESIA’S 2009 INSPECTION, REPAIR AND MAINTENANCE CONTRACT

Latest project valued at approximately US$7.85 million was secured by Mermaid’s subsidiary Seascape Surveys.

Mermaid Maritime Public Company Limited (“Company”) wishes to announce that its subsidiary PT Seascape Surveys Indonesia (“Seascape Surveys”) has been awarded the 2009 Inspection, Repair and Maintenance (IRM) contract by Conoco Phillips Indonesia. The project, which will commence in early June 2009, will utilize Mermaid Offshore Services Ltd.’s (“MOS”) chartered DP2 vessel M.V. ‘Binh Minh’, and MOS’ remotely operated vehicle (ROV) systems. Seascape Surveys will be providing survey, positioning and reporting on the project which has a total value of approximately USD 7.85 million and is scheduled to run for approximately four (4) months.

The Seascape Surveys group provides hydrographic survey and positioning services to the offshore oil and gas industry. Prior to MOS’ acquisition of 80% of this group in 2008, they were MOS’ largest subcontractor. MOS is a wholly owed subsidiary of the Company. The acquisition allowed the implementation of the Company’s strategy to provide a range of high quality sub-sea engineering services “in-house”.

Additional Disclosures Pursuant to SGX Requirements:

Financial Effects

Assuming that the contract had commenced and had been completed within the most recent financial year (the Company’s last financial year ended 30 September 2008), the performance of the contract would have had a material effect on the earnings per share of the Company for that financial year and the performance of the contract would not have had an effect on the net tangible assets per share of the Company for that financial year.

Interest of Directors and Controlling Shareholders

None of the directors or controlling shareholders of the Company has any interest, direct or indirect, in the contract. There are also no new directors proposed to be appointed to the Company in connection with the contract.

Please be informed accordingly.

Vincent Siaw
Company Secretary
03 June, 2009



 
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